Tiger Leads $142 Million Round for E-Commerce Firm RenoRun (1)

Canadian e-commerce startup RenoRun Inc. is bringing in Tiger Global Management LLC as an investor to help fund a major U.S. expansion of its services for renovation and construction firms.

Tiger Global and Sozo Ventures LLC are leading a $142 million series B round for Montreal-based RenoRun, which targets the building industry with a promise of rapid delivery of supplies so that contractors and their crews can maximize time on the job.

If the expansion into new U.S. markets is successful, it could lead to an initial public offering down the road, Founder and Chief Executive Officer Eamonn O’Rourke ...